Gold falls further on stockists selling, global cues

December 20, 2013 15:55 IST

Gold prices extended losses for the second straight session by falling Rs 205 to Rs 30,160 per 10 grams in the national capital on Friday on sustained selling by stockists, triggered by a weakening global trend.

While silver prices dropped for the third day and lost Rs 725 at Rs 43,500 per kg on poor offtake by industrial units and coin makers.

In Mumbai, gold of 99.9 and 99.5 per cent purity dropped by Rs 320 each to Rs 29,630 and Rs 29,480 per ten grams, respectively.